The $350 million decision against former President Donald Trump in a high-profile civil fraud case has sparked a lot of reaction.
One of the people who found the decision outrageous was Shark Tank's "Mr Wonderful" Kevin O'Leary.
Previously O'Leary had laid out how ridiculous the case was.
Kevin O'Leary, "Mr. Wonderful" went on CNN and absolutely DESTROYS Letitia James' case against Trump:
— Charlie Kirk (@charliekirk11) January 12, 2024
“Every single real estate developer everywhere on Earth does this…Who lost money? Nobody! If you’re gonna sue this case and win, you gotta sue every real estate developer… pic.twitter.com/OM8Gq7s4iG
"Every single developer everywhere on earth does this," O'Leary said about putting the best light on the value of your properties.
O'Leary said it was completely normal in real estate and that there were no victims in this case, arguing that it makes no sense. If you go after Trump, he explained, you'd have to sue all the real estate developers everywhere because they all do the same thing. He didn't think there was a chance that the decision would survive on appeal.
That, of course, raises big questions when Trump is being pursued when others aren't for a completely normal thing.
Then, when the decision came in on the damage award on Friday, O'Leary went on Fox and said how bad this was, "I'm shocked. I can't understand or fathom the decision at all. There's no rationale for it."
🚨NEW: Shark Tank's Kevin O'Leary condemns AG Letitia James and Judge Arthur Engoron's corrupt and baseless ruling against Donald Trump.
— KanekoaTheGreat (@KanekoaTheGreat) February 19, 2024
🔥🔥🔥
"I would NEVER invest in New York now! And I'm not the only one saying that!"
"This $4 billion data center I'm talking about - not a… pic.twitter.com/jJ1JNYHbdS
He opined that New York and California were already "loser states" because of bad policies, high taxes, and uncompetitive regulation. Now on top of that, they have to worry about something like this.
"I would NEVER invest in New York now! And I'm not the only person saying that!" O'Leary declared.
He explained how one of the hottest things right now is data centers and that NY with Niagara Falls would be ideal for that. But he said he would never put one there.
"This $4 billion data center I'm talking about - not a chance I would put that in New York! Zero probability! Never!"
O'Leary was looking at places like Oklahoma that were more receptive. He thought everyone else was going to have the same concerns about putting their money in New York with decisions like this. He believed New Yorkers should be questioning this because of how this was going to hurt investment in their state.
Neil Cavuto asked about what Gov. Kathy Hochul said about this decision not affecting other businesses.
"Every investor is worried because where is the victim? Who lost money? This is some arbitrary decision by a judge. What does this say about the bar, legal bar in New York? Aren't they going to question this judge? What is this??
$355 million as a penalty plus interest at 9%, and there's no victim?
Her words fall on deaf ears, there's nothing she can say that will justify this decision."
Is it any wonder that people believe that Trump is being politically targeted when you have actions like this and when you have damage awards of this magnitude that are unhinged from all reality?
Hochul may protest, but this is one more reason that people are going to be fleeing the state.
Related:
Join the conversation as a VIP Member